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$32.69 (-4.33%)

Volume: 206k

Closed: Nov 26, 2021

Hollow Logo Score: 2.307

Avid Technology Stock Forecast

$32.69 (-4.33%)

Volume: 206k

Closed: Nov 26, 2021

Score Hollow Logo 2.307
Which way will AVID go? Request
Stop-loss: $30.80 (-5.78%)
Key Stats
P/E Ratio 44.25
Beta 2.06
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 61 and the stock is currently not being overbought or oversold

Avid Technology stock price down 4.33% on Friday
(Updated on Nov 26, 2021)


Buy candidate since 2021-11-10 Gain 1.43%

The Avid Technology stock price fell by -4.33% on the last day (Friday, 26th Nov 2021) from $34.17 to $32.69. and has now fallen 5 days in a row. During the day the stock fluctuated 4.50% from a day low at $32.22 to a day high of $33.67. The price has fallen in 7 of the last 10 days and is down by -4.92% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -131 thousand shares and in total, 206 thousand shares were bought and sold for approximately $6.74 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.91% during the next 3 months and, with a 90% probability hold a price between $37.10 and $46.24 at the end of this 3-month period.

Signals & Forecast

The Avid Technology stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $34.24. On a fall, the stock will find some support from the long-term average at approximately $30.79. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, November 19, 2021, and so far it has fallen -7.55%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Avid Technology finds support from accumulated volume at $32.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.45 between high and low, or 4.50%. For the last week, the stock has had a daily average volatility of 5.06%.

Our recommended stop-loss: $30.80 (-5.78%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)

Is Avid Technology stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Avid Technology stock to perform well in the short-term.

Current score: 2.307

Predicted Opening Price for Avid Technology of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$32.86 $32.69 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Aug 04, 2021 "Maxim Group" gave "$40.00 - $45.00" rating for AVID. The price target was changed from $30.01 to 17.0%.

Volatility and Risk
Daily Average Volatility: 5.06 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.06 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $34.38
Price: $32.69
Support: $32.23

AVID Insider Trading Show all Trades

INSIDER POWER

0.902

Last 100 transactions
Buy: 473 935 | Sell: 525 315 (Shares)
Date Action Amount Person Type
Nov 22, 2021 Sell 539 Claman Timothy Common Stock
Nov 17, 2021 Sell 19 505 Cordiner Tom J. A. Common Stock
Nov 16, 2021 Sell 2 500 Gayron Kenneth L Common Stock
Nov 15, 2021 Sell 369 Claman Timothy Common Stock
Nov 02, 2021 Sell 6 708 Netzer Lior Common Stock
Show all Insider Trades
INSIDER POWER

0.902

Last 100 transactions
Buy: 473 935 | Sell: 525 315 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 34.31 4.96 %
33.76 3.26 %
33.41 2.21 %
Current price: 32.69
Support 32.31 -1.17 %
31.96 -2.22 %
31.41 -3.92 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 34.47 5.45 %
34.44 5.35 %
34.38 5.17 %
Current price 32.69
Support 32.23 -1.41%
27.25 -16.64%
26.92 -17.65%

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About Avid Technology

Avid Technology Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution worldwide. The company offers professional video creative tools, such as Media Composer product line that is used to edit video content; NewsCutter option and iNews systems for news production; Avid Symphony option, which is used during post-production; Media Composer | Cloud solution that enables b... Read more

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